Turmeric prices continue to show little signs of upward momentum in the current market environment. Despite a minor bounce in the Nizamabad market, broader domestic rates failed to recover amid a combination of supply sufficiency and lackluster demand. Latest figures reveal that the benchmark turmeric price is holding at USD 155.42 per quintal, with recent declines in the range of USD 1.20–2.40 per quintal, reflecting ongoing pressure. Meanwhile, the Nizamabad rate edged up by USD 0.53 to USD 146.38 per quintal. The consistent inflow of nearly 8,000 daily bags to key mandis keeps a firm lid on prices, providing producers with little relief.
Traders and processors remain patient, waiting for a meaningful rise in demand or uptick in export inquiries that could break the present price inertia. Ongoing weather developments, particularly in India’s major turmeric-growing regions, hold significant sway over the upcoming production cycle and may yet shift sentiment as planting and harvest dynamics evolve. With market sentiment largely neutral and fundamental drivers in balance, participants are advised to monitor both local procurement patterns and global cues closely for the next trigger.
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Turmeric whole
FOB 2.57 €/kg
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FOB 3.40 €/kg
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Turmeric dried
finger salem,double polished, grade A
FOB 1.62 €/kg
(from IN)
📈 Prices: Latest Turmeric Market Overview
| Product | Location | Delivery Terms | Latest Price (EUR/kg) | Previous Price | Change | Market Sentiment |
|---|---|---|---|---|---|---|
| Turmeric whole (organic) | New Delhi (IN) | FOB | 2.57 | 2.55 | +0.02 | Neutral/Weak |
| Turmeric powder (organic) | New Delhi (IN) | FOB | 3.40 | 3.38 | +0.02 | Steady |
| Turmeric dried (Salem, conv.) | Telangana (IN) | FOB | 1.62 | 1.60 | +0.02 | Stable |
| Turmeric dried (Nizamabad, conv.) | Telangana (IN) | FOB | 1.52 | 1.50 | +0.02 | Slightly Firm |
🌍 Supply & Demand Drivers
- Fresh arrivals: 8,000 bags/day at mandis maintain healthy supply, curbing upside.
- Domestic demand: Sluggish; processors and traders show little urgency in procurement.
- Export trends: Relatively stable, with export demand yet to provide significant support.
- Inventories: Ample, particularly in major producing states such as Telangana and Maharashtra.
- USDA & Crop outlooks: Not directly applicable; monitoring Indian Ag Ministry updates instead.
📊 Fundamentals
- Production: Recent reports peg Indian turmeric output for 2024/25 in line with last year, pending confirmation after the monsoon season. Some marginal acreage shift noted as farmers weigh returns versus other crops.
- Stocks: Comfortable with above-average carryover. No shortage anticipated in the near term.
- Speculative Positioning: Minimal activity; no signs of strong speculative inflows or outflows in the past month.
☀️ Weather Watch & Crop Outlook
- Recent weather in key growing belts of Telangana, Andhra Pradesh, and Maharashtra has been largely favorable. Monsoon progression is within normal range, with no major anomalies reported.
- Short-term forecast (next 7 days): Intermittent rains with above-average soil moisture levels, conducive for turmeric vegetative growth. Risk of localized flooding in southern districts remains low.
- Potential Impact: Ongoing good weather should sustain healthy crop development; any abrupt deficit or excess rains in late September could impact quality or yields.
🌐 Global Production & Stock Comparison
| Country | 2023/24 Output (est., 000 MT) | Stocks (000 MT) | Comment |
|---|---|---|---|
| India | 1,060 | 240 | Dominates world supply (over 80% of global share) |
| Bangladesh | 128 | 30 | Small but stable exporter |
| Myanmar | 80 | 15 | Supplies SEA region |
| Indonesia | 56 | 10 | Limited exports; mostly local use |
| Other | 72 | 12 | Minor contributors across Africa, LATAM |
📆 Trading Outlook & Recommendations
- Processors/Buyers: Favor short-term contracts; ample stocks and weak demand to keep prices stable or slightly weaker in September.
- Exporters: Monitor currency rates and seek export-led inquiries—potential for minor firming if FOB interest revives.
- Producers: Hold larger stocks if financially viable—late-season weather issues could offer upside if realized.
- Traders: Avoid aggressive long positions; market lacks strong upward drivers for now.
🔮 3-Day Regional Price Forecast
| Exchange/Bazaar | Current Price (USD/quintal) | 3-Day Outlook | Trend |
|---|---|---|---|
| Indian Domestic Average | 155.42 | 154.5 – 156.0 | Stable/Weak |
| Nizamabad (mandi) | 146.38 | 146.0 – 147.0 | Steady |
| New Delhi (FOB, EUR/kg) | 2.57 | 2.55 – 2.58 | Neutral |
| Telangana (FOB, Salem/Nizamabad) | 1.62 / 1.52 | 1.51 – 1.63 | Steady |
